Forgent Power Solutions, Inc. (NYSE:FPS – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $55.3636.
FPS has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on Forgent Power Solutions from $49.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research raised Forgent Power Solutions to a “hold” rating in a report on Tuesday, March 10th. KeyCorp raised their price target on Forgent Power Solutions from $41.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Morgan Stanley boosted their price target on Forgent Power Solutions from $38.00 to $51.00 and gave the company an “equal weight” rating in a research note on Sunday, May 17th. Finally, TD Securities reaffirmed a “buy” rating and set a $63.00 price objective on shares of Forgent Power Solutions in a research report on Friday, May 15th.
Check Out Our Latest Stock Analysis on Forgent Power Solutions
Forgent Power Solutions Trading Up 0.1%
About Forgent Power Solutions
We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.
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